oppn parties Deals That Suit The Maharajah

News Snippets

  • Supreme Court approves two-child norm for government jobs in Rajasthan
  • DMK issues rocket ad with Chinese flag, PM Modi slams party
  • BJP alleges that Congress workers raised slogans like 'Pakistan jindabad' outside Karnataka assembly after the results for the RS polls were declared. CM Siddaramaiah promises stern action if claim found true
  • Calcutta HC says any agency can arrest absconding Sandeshkhali TMC strongman Sk Shahjahan
  • Himachal Pradesh Speaker suspends 15 BJP MLAs for unruly behaviour
  • Joint teams of Navy, NCB and Gujarat ATS seized a boat with 3200kgs of narcotics in high seas off Gujarat coast. Five crew members were also arrested
  • Centre tells Supreme Court that economic disaster will follow if states are allowed to tax mineral land
  • NCLT asks Byju's to keep rights issue funds in a different account
  • Sunil Bharti Mittal of Bharti Enterprises was conferred the honorary Knighthood by Britain's King Charles III for services rendered in furthering business relations between the UK & India
  • RIL to merge Viacom18 with Disney's Star in $8.5bn deal, Nita Ambani to lead the board of merged entity
  • Vodafone Idea shares fall nearly 15% over fears of huge fund raising
  • Stock markets crash on Wednesday: Sensex loses 790 points to 72304 and Nifty 247 points to 21951
  • BCCI gets tough, removes Shreyas Iyer and Ishan Kishan from central contracts for missing Ranji Trophy. In a first, it starts fast bowling contracts to reward emerging players like Akash Deep and four others
  • Tennis: Sumit Nagal loses in first round of Dubai Duty Free tournament
  • WPL: UP Warriorz beat Mumbai Indians by 7 wickets
Bengal police arrests TMC leader Sk Shahjahan, the prime accused in the Sandeshkhali disturbances
oppn parties
Deals That Suit The Maharajah

By Linus Garg
First publised on 2023-02-16 07:29:50

About the Author

Sunil Garodia Linus tackles things head-on. He takes sides in his analysis and it fits excellently with our editorial policy. No 'maybe's' and 'allegedly' for him, only things in black and white.

Air India has placed an order for a whopping 470 narrow-bodied and wide-bodied aircrafts from Airbus of France and Boeing of the US, the two frontline aircraft manufacturers in the world. The order is worth $85bn (with a built-in clause to increase its size) and is the largest such order, surpassing the deal which American Airlines had inked in 2011. With aircrafts slated to start arriving from end of 2023, Air India is poised to increase its aged fleet (115 aircrafts now) and become competitive. It will strongly challenge Indigo's position as the market leader in the next couple of years.

With the Indian aviation sector having shaken off the Covid blues and poised to grow handsomely (it grew 13.7% Y-o-Y in December 2023), and with the government's focus on developing infrastructure (India now has 147 airports, up from just 74 in 2015 and the government has already announced that many more will be built soon), the demand for air travel will grow exponentially and the requirement for aircrafts will continue to grow. Boeing has predicted that India will need more than 2000 aircrafts in the next 20 years.

It is against this backdrop that the jubilation in both the US and France must be seen. President Joe Biden has called the deal "historic" while the French President Emmanuel Macron termed it a "new success". Both these countries will benefit immensely from this deal. President Biden said it will support more than 1 million jobs in 44 states in the US. In these troubled economic times for the West, this is a huge thing.

India's growing economic clout (where it can place orders for such staggering amounts) must now be used by the government and companies to negotiate better deals, in terms of pricing, transfer of technology and Make in India. That would be the biggest benefit India and Indian companies can extract from such deals.